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Report No. : |
338430 |
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Report Date : |
04.09.2015 |
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Tel No.: |
(966-12) 6434287 / 6447236 / 6446271 |
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Fax No.: |
(966-12) 6434287 |
Note : Correct name of the company is “MAHMOOD
SALEH MOHAMED YOUSEF DAHLAWI TRADING EST”
IDENTIFICATION DETAILS
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Name : |
MAHMOOD SALEH MOHAMED YOUSEF DAHLAWI TRADING EST |
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Registered Office : |
Shop No. 01, Gazza Market, Al Badou Market, Bab Makkah, 16964,
Jeddah 21474 |
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Country : |
Saudi Arabia |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
10/05/1409 Hijri (corresponding to 19.12.1988) |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Subject is engaged in the wholesale and
retail of bed and hospital linen, fabrics, towels, curtains and home
furnishing accessories. The subject does not deal in agro commodities. |
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No. of Employees : |
12 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Saudi Arabia |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
SAUDI
ARABIA - ECONOMIC OVERVIEW
Saudi Arabia has an oil-based economy with strong government controls over major economic activities. It possesses about 16% of the world's proven petroleum reserves, ranks as the largest exporter of petroleum, and plays a leading role in OPEC. The petroleum sector accounts for roughly 80% of budget revenues, 45% of GDP, and 90% of export earnings. Saudi Arabia is encouraging the growth of the private sector in order to diversify its economy and to employ more Saudi nationals. Diversification efforts are focusing on power generation, telecommuncations, natural gas exploration, and petrochemical sectors. Over 6 million foreign workers play an important role in the Saudi economy, particularly in the oil and service sectors, while Riyadh is struggling to reduce unemployment among its own nationals. Saudi officials are particularly focused on employing its large youth population, which generally lacks the education and technical skills the private sector needs. In 2014 the Kingdom ran its first budget deficit since 2009, and faces budget deficits for the foreseeable future because it requires an oil price greater than $100 per barrel to balance its budget. Although the Kingdom can finance high deficits for several years by drawing down its considerable foreign assets or borrowing, it probably will begin to reduce capital spending if oil prices stay low through the next year.
|
Source
: CIA |
Company Name : MAHMOOD SALEH MOHAMED YOUSEF DAHLAWI TRADING EST
Country of Origin : Saudi Arabia
Legal Form : Sole Proprietorship
Registration Date : 19th December 1988
Commercial Registration Number : 4030062926, Jedddah
Chamber Membership Number : 30312
Invested Capital : SR 120,000
Total Workforce : 12
Activities : Wholesalers and retailers of bed and hospital linen, fabrics, towels, curtains and home furnishing accessories.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Mohamed Tariq, Sales Manager
MAHMOOD
SALEH MOHAMED YOUSEF DAHLAWI TRADING EST
Location :
Shop No. 01, Gazza Market, Al Badou Market, Bab Makkah
PO Box :
16964
Town :
Jeddah 21474
Country :
Saudi Arabia
Telephone :
(966-12) 6434287 / 6447236 / 6446271
Facsimile :
(966-12) 6434287
Mobile :
(966-50) 5350646
Email : royal@royaldahlawi.com
/ sales@royaldahlawi.com
Please note that the Shop No. is 01 and not 10.
Subject operates from a small suite of offices and a
showroom that are rented and located in the Central Business Area of Jeddah.
Branch Office (s)
Location Description
· Royal
Tex Showroom
premises
Jeddah
Tel:
(966-12) 6446271 / 6458684
· Royal
Fashion Showroom
premises
Jeddah
Tel:
(966-12) 6441569 / 6450719
Name Position
· Mahmood
Saleh Mohamed Yousef Al Dahlawi Proprietor & General
Manager
· Mohamed
Tariq Sales
Manager
Date
of Establishment :
10/05/1409 Hijri (corresponding to 19th December 1988)
Legal
Form : Sole
Proprietorship
Commercial
Reg. No. :
4030062926, Jeddah
Chamber
Member No. : 30312
Invested Capital : SR
120,000
Mr Mahmood Saleh Mohamed Yousef Al Dahlawi is the sole
proprietor of the business.
Activities: Engaged in the wholesale and retail of
bed and hospital linen, fabrics, towels, curtains and home furnishing
accessories. The subject does not deal in
agro commodities.
Import Countries: Pakistan
International
Suppliers:
· Yonas Brothers Pakistan
· Lucky Textile Pakistan
· Brakah Textile Pakistan
Operating Trend: Steady
Subject has a workforce of 12 employees.
Financial highlights provided by local sources are given
below:
Currency: Saudi Riyals (SR)
Year
Ending 31/12/13: Year Ending
31/12/14:
Total Sales SR
10,935,000 SR
11,500,000
Local sources consider subject’s financial condition to be
Fair.
The above financial figures are based on estimations by our
local sources.
·
Arab National Bank
Madinah Road
PO Box: 9463
Jeddah 21413
Tel: (966-12) 6600272
Fax:
(966-12) 6650202
No complaints regarding subject’s payments have been
reported.
Please note that the subject does not deal in agro
commodities, its line of business is the wholesale and retail of bed and
hospital linen, fabrics, towels, curtains and home furnishing accessories.
During the course of this investigation nothing detrimental
was uncovered regarding subject’s operating history or the manner in which
payments are fulfilled. As such the business is considered to be a fair trade
risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.23 |
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UK Pound |
1 |
Rs.101.22 |
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Euro |
1 |
Rs.74.33 |
INFORMATION DETAILS
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Analysis Done by
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KAR |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.